Practice CHFP Exam Online

Question 1

Prescription drug coverage for Medicare enrollees, which offsets some of the out-ofpocket costs for medications, this covers:

A : Medicare Part A

B : Medicare Part B

C :

Medicare Part D

D :

Medicare Part F

Answer: C

Question 2

A health care organization that utilizes an aggressive asset mix strategy seeks to minimize its returns

by investing in non-liquid assets but faces the risk of lower liquidity.

A : True

B : False

Answer: B

Question 3

Debt service coverage is equal to:

A : (gross income + debts + depreciation + amortization) / maximum half year debt service payments

B : (net income + interest + depreciation + amortization) / maximum annual debt service payments

C : (net income + expenses + depreciation + amortization) / minimum annual interest service payments

D : (net income + revenues + appreciation + amortization) / minimum half year interest service payments

Answer: B

Question 4

Organizational units responsible for earning a profit by providing health care services and their

revenues are earned either on a free-for-service or a flat fee basis refers to:

A : Organizational earnings centers

B : Traditional profits centers

C : Profit earning centers

D : Flat fee profit centers

Answer: B

Question 5

Selling accounts receivable at a discount, usually to a financial institution is called:

A : Factoring

B : Discounted rate

C : Financial accounts

D : None of the above

Answer: A

Name:	Certified Healthcare Financial Professional (CHFP)
Exam Code:	CHFP
Certification:	Certified Healthcare Financial Professional
Vendor:	HFMA
Total Questions:	315
Last Updated:	Apr 25, 2024

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